Comparison of Leading Layer 2 Networks' Gas Fees
Comparison of Leading Layer 2 Networks' Gas Fees
馃敟 Gas Fees Compared
A recent analysis has revealed the typical gas costs associated with some of the leading Layer 2 networks. Modenet and Base emerged as the most cost-effective options, with average fees of $0.003 and $0.004 respectively. ZORA and Blast followed closely at $0.004 and $0.005. Arbitrum, while still relatively inexpensive, had slightly higher fees at $0.01 per transaction. The analysis suggests that after Dencun, Layer3 is considered the best gateway to the multichain universe.
Leading L2s with the lowest typical gas costs: 鉀擄笍 @modenetwork - $0.003 鉀擄笍 @base - $0.004 鉀擄笍 @ourZORA - $0.004 鉀擄笍 @Blast_L2 - $0.005 鉀擄笍 @arbitrum - $0.01 After Dencun, Layer3 is the best gateway to the multichain universe.
SYND Token Launch Brings Community Ownership to Web3
**SYND token is launching this September**, introducing real ownership mechanisms for web3 communities. Key features include: - **Staking mechanisms** for community participation - **Smart rollups** technology for enhanced functionality - Focus on building a **community-owned internet** The launch represents a shift toward decentralized ownership models, allowing communities to have direct control over their digital spaces. Users can participate through Layer3's activation platform to learn more about the technology and get involved early. [Join the community-owned internet](https://app.layer3.xyz/activations/syndicate-synd-token)
Socket Protocol Chain Abstraction Campaign
Layer3 has launched a new campaign featuring **Socket Protocol's chain abstraction technology**. The initiative allows users to explore and interact with decentralized applications across multiple blockchains without dealing with complex chain-switching processes. **Key highlights:** - Partnership focuses on simplifying multi-chain interactions - Users can access dapps seamlessly across different networks - Campaign available through Layer3's interactive platform Chain abstraction represents a significant step toward making web3 more accessible by removing technical barriers that often deter new users. [Explore the campaign](https://app.layer3.xyz/campaigns/socket-into-chain-abstraction)
L3 Token Becomes First NTT Asset on HyperEVM
**L3 token expansion reaches new milestone** as it becomes the first Native Token Transfer (NTT) asset available on HyperEVM through Portal Bridge. **Key developments:** - First NTT asset to support HyperEVM transfers - Powered by Wormhole's cross-chain infrastructure - Users can now move L3 tokens via [Portal Bridge](https://portalbridge.com/?asset=L3&targetChain=hyperevm&t) **Background context:** L3 previously launched on Solana in October 2024 using Wormhole's NTT framework, maintaining 1:1 peg with Ethereum L3. This expansion continues L3's multichain strategy, leveraging Wormhole for secure cross-chain transfers across different blockchain ecosystems.
Layer3 Builder Reaches 8M $L3 Staked Milestone
**Layer3 Builder hits major scaling milestone** with over 8 million $L3 tokens now staked and locked on the platform. Users are staking tokens to: - Launch marketing campaigns - Access distribution channels - Acquire new users This represents continued growth from the 7.7 million $L3 staked in early August, showing **steady adoption** of the Builder platform. The staking mechanism allows projects to leverage Layer3's infrastructure for user acquisition and campaign management in the web3 space.
Credentials to Unify Blockchain Events
A new initiative aims to standardize credentials across blockchain events and conferences. This unified approach will help: - Streamline event registration processes - Enable cross-event recognition of attendee status - Reduce duplicate verification requirements The system will leverage blockchain technology to create verifiable, portable credentials that work across multiple platforms and events. Early adoption is expected from major Ethereum conferences and community gatherings. *Implementation begins Q2 2025*